Waterfront Duplex with Private
For Sale
$629,888
80 Frey Place, Vallejo, CA 94590
Residential Income, Vallejo, CA
Property Size1,800 SF
Lot Size0.29 Acres
Price / SF$349.94
Days on Market47
Property Features for 80 Frey Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2
Parking
2
Parking features
Covered
Window features
Double Pane Windows
Patio and Porch features
Patio, Deck
View
Water, Hills
Directions
Sacramento St to Coghlan St to Frey.
Subdivision
Vallejo 5
Standard status
Active
APN
0051173540
Size
1,800 SF
Lot size
0.29 Acres
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Wall Unit(s)
Water source
Public
Amenities
dual-pane windows
in-unit laundry
private patio
central heating
mini-split air conditioning units
reverse osmosis water filtration system
covered carport parking
water views
Building Details
Year built
1973
Floors in Building
2
Number of units
2
Flooring type
Tile, Carpet
Roof type
Composition
Listing Agency:
Golden Gate Sotheby's International Realty
(707) 255-0845
Listed By:
Lauren A Lawson
(707) 685-1825
Added: Aug 7
Changed: Sep 13
Last Checked: Sep 22 at 12:06PM
MLS# 326065664
Copyright © 2026 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story duplex contains two approximately 900-square-foot units within 1,800 square feet of total building area. Each unit offers two bedrooms, one bathroom, dual-pane windows, in-unit laundry, and a private patio with water views. Central heating serves both units, while the upstairs residence includes three mini-split air conditioning units. Tile and carpet flooring are present, and recent property improvements include a new composition roof and a reverse osmosis water filtration system.
The 0.287-acre property includes covered carport parking, a deck, public water, public sewer, and cable availability. Located in Vallejo near the ferry terminal, the property combines a waterfront setting with access supporting commutes to San Francisco.
The 0.287-acre property includes covered carport parking, a deck, public water, public sewer, and cable availability. Located in Vallejo near the ferry terminal, the property combines a waterfront setting with access supporting commutes to San Francisco.
Key Highlights
- Two‑story duplex with two approximately 900‑square‑foot units
- Each unit includes 2 bedrooms, 1 bathroom, in‑unit laundry, and a private patio
- Water views from both private patios
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,007
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$700,140
$700.1K
Cap Rate 7%
$500,100
$500.1K
Cap Rate 9%
$388,967
$389.0K
Market Conditions
NOI Build-Up for 1,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$52.9K $29.40/SF
− Vacancy
−$2.9K −$1.62/SF
EGI
$50.0K $27.78/SF
− OpEx
−$15.0K −$8.33/SF
NOI
$35.0K $19.45/SF
Area
Vallejo, CA
Vacancy
5.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$700,140
Cap Rate 7%
$500,100
Cap Rate 9%
$388,967
Alternative Uses
Best Use
Multifamily LT 5
$500.1K
$437.6K – $583.5K
NOI $35,007 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$449.2K
$393.0K – $524.0K
NOI $31,441 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$876.0K
$766.5K – $1.02M
NOI $61,322 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
937
Businesses Nearby
Explore this area
Business Placement
Demographics for 94590, CA
39,981
Population
16,500
Households
2.4
Avg Household Size
38
Median Age
26%
College-Educated
87%
High-School Grad
6.6 sq mi
ZIP Area
6,058
Density / Sq Mi
$66,957
Median Household Income
$43,383
Median Earnings
$1,768
Median Rent
$510,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-story income property with covered parking, central heating, and ferry access for San Francisco commuters.
Where is this duplex located?
The property is located at 80 Frey Place Vallejo, CA.
What is the asking price?
The asking price for this property is $629,888.
What are key features of this property?
This property features: Two‑story duplex with two approximately 900‑square‑foot units; Each unit includes 2 bedrooms, 1 bathroom, in‑unit laundry, and a private patio; Water views from both private patios
